Use the following information about an interest rate SWAP contract to answer the following question. Assume 1 for the date count fraction. Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer in dollars, not in millions. Counter Parties Notional Principal Fixed Rate payer Fixed Rate Floating Rate Payer HSBC & JPMorgan $8,000,000 HSBC 5.9% per annum JPMorgan LIBOR Floating Rate Floating Rate Reset 6 months Effective date December 21, 2020 Maturity Date December 21, 2023 Term Pay rate Discount Receive rate Discount (Years) zero Factor zero Factor 0.5 5.25% 0.9747 5.33% 0.9744 1 5.78% 0.9454 5.88% 0.9445 1.5 5.97% 0.9167 6.17% 0.9141 2 6.22% 0.8863 6.33% 0.8845 2.5 6.31% 0.8582 6.43% 0.8557 3 6.39% 0.8304 6.51% 0.8276